Lake Forest Bank & Trust Company Entrepreneur Checking $300 Bonus

Lake Forest Bank & Trust Company : Entrepreneur Checking

Bonus Amount
$300
Account Type
Business Checking
Available In Your Area?
No
Offer Expires In
Bonus Requirements
  1. Open a new Entrepreneur Checking account and tell the bank you're aware of this offer.
  2. Enroll in online banking and eStatements.
  3. For 2 consecutive months, maintain a balance of $1,500.
  4. In the same 2 months, complete 5 qualifying transactions (ACH debit, ACH credit, wire transfer and debit card transactions).
  5. Bonus will be credited to your new account within 30 calendar days of meeting requirements.
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Lake Forest Bank is a Wintrust Community Bank subsidiary, and they're offering small business owners a $300 sign up bonus for opening a new Entrepreneur Checking account.

You'll need to open the account in-branch and mention to the teller that you want to take part in this offer. After that the requirements are pretty straightforward: deposit and maintain $1,500 for 2 months, and complete 5 qualifying transactions each month. Qualifying transactions include ACH debits and credits, wire transfers, and debit card transactions, so that should be an easy requirement to meet.

How To Earn The Bonus

The Lake Forest Bank & Trust Company Entrepreneur Checking promotion requires you to deposit and maintain a minimum balance, and optionally, make purchases using the account's card in order to earn the $300 bonus. Full requirements to receive this bonus are:

  1. Open a new Entrepreneur Checking account and tell the bank you're aware of this offer.
  2. Enroll in online banking and eStatements.
  3. For 2 consecutive months, maintain a balance of $1,500.
  4. In the same 2 months, complete 5 qualifying transactions (ACH debit, ACH credit, wire transfer and debit card transactions).
  5. Bonus will be credited to your new account within 30 calendar days of meeting requirements.

The fine print

  • The 2-month "qualification period" begins the month after the calendar month your new account was opened.
  • The $1,500 balance requirement must be in new money (IE, funds not previously held at Lake Forest Bank).
  • Account must remain open and in good standing for 6 months to avoid bonus forfeiture.
  • Offer is not available to existing or closed checking account customers of Wintrust Financial Corporation (WTFC) and its subsidiaries or its active employees.
  • Limit 1 bonus payment per customer, regardless of the number of accounts opened.
  • If you qualify for this Entrepreneur Checking account bonus offer, you are ineligible to receive this Entrepreneur Checking account bonus offer from any other WTFC location.
  • If you qualify for any other WTFC savings offer it may be combined with this Entrepreneur Checking account bonus offer.
  • Your new account must be open, in the same product, and have a balance greater than zero to receive the bonus payment.

Why Lake Forest Bank & Trust Company?

Entrepreneur Checking

Entrepreneur Checking is Lake Forest Bank's entry-level small business checking account. It includes 75 free transactions and has no minimum balance requirement.

Fees

Entrepreneur Checking does charge a monthly fee of $15, but there are ways to get this waived:

  • $1,500 minimum average collected balance.